Silver & Platinum: Price Rally Forecast
- While gold prices have seen volatility, platinum and silver are experiencing a surge in bullish interest, climbing toward multi-year highs.
- Platinum has jumped approximately 35% from its yearly low of $900, hitting $1,225 on Tuesday.
- Silver has also seen significant gains, rising 27% since the beginning of the year.
Platinum and Silver Prices Surge to Multi-Year Highs
Updated June 10, 2025
While gold prices have seen volatility, platinum and silver are experiencing a surge in bullish interest, climbing toward multi-year highs. The recent rally in precious metals highlights the shifting dynamics in the commodities market.
Platinum has jumped approximately 35% from its yearly low of $900, hitting $1,225 on Tuesday. This surge brings platinum back to its 2021 peak, ending a three-year period of sideways movement. The upward momentum intensified after successfully breaching the $1,000 mark last month.
Silver has also seen significant gains, rising 27% since the beginning of the year. After a correction in early April, silver’s growth accelerated, reaching $36.9 on Monday. This marks silver’s highest trading level since February 2012.
Analysts suggest that the rapid correction in gold prices, which didn’t lead to a prolonged decline, has encouraged traders to explore alternatives. Platinum and silver markets, being less liquid, frequently enough experience more pronounced price movements.
In 2011, silver prices soared from under $18 to nearly $50. If the current momentum in precious metals continues, analysts believe bulls may aim to replicate or even surpass those peaks. Weekly timeframes indicate that silver is not yet overbought, with a Relative Strength Index (RSI) of 64. Historically, an RSI above 80 has signaled a potential reversal.
Platinum’s price had declined in recent years as the automotive industry shifted away from internal combustion engines, where platinum is heavily used. However, platinum has recently re-emerged as an choice investment to gold.
The $1,200–1,300 range represents a critical turning point for platinum. Overcoming this resistance could pave the way for prices to reach $1,500 and possibly $1,900 by the end of the year in a bullish scenario.
What’s next
Analysts will be closely watching whether platinum can sustain its momentum and break thru key resistance levels, while silver’s performance will depend on its ability to maintain its upward trajectory. Continued profit-taking in gold could further fuel the rally in platinum and silver.